Unlock the potential of this income generating, two-story duplex offering tremendous built-in upside. The spacious first-floor unit (1,960 sq ft) features 3 bedrooms, 1 bath, a large eat-in kitchen, comfortable living room, in-unit laundry, and a 24' x 8' enclosed porch. Currently rented month-to-month at $1,050 with area comps supporting rents around $2,100 after updates. The second-floor unit (906 sq ft) includes 2 bedrooms, 1 bath, a bright eat-in kitchen, and a cozy living room, and is currently occupied by family at no rent, giving new owners full flexibility. Similar units are renting for approximately $1,400 per month. With strong rental demand and a projected stabilized income of $3,500 and up per month once improved, this property offers a clear value-add opportunity through cosmetic and functional upgrades. Whether you choose to live in one unit while renovating the other or bring both to market as high-performing rentals, the cash-flow potential far outweighs the upfront work. This duplex is more than a property, it’s a meaningful equity building opportunity ready to be unlocked.
Unlock the potential of this income generating, two-story duplex offering tremendous built-in upside. The spacious first-floor unit (1,960 sq ft) features 3 bedrooms, 1 bath, a large eat-in kitchen, comfortable living room, in-unit laundry, and a 24' x 8' enclosed porch. Currently rented month-to-month at $1,050 with area comps supporting rents around $2,100 after updates. The second-floor unit (906 sq ft) includes 2 bedrooms, 1 bath, a bright eat-in kitchen, and a cozy living room, and is currently occupied by family at no rent, giving new owners full flexibility. Similar units are renting for approximately $1,400 per month. With strong rental demand and a projected stabilized income of $3,500 and up per month once improved, this property offers a clear value-add opportunity through cosmetic and functional upgrades. Whether you choose to live in one unit while renovating the other or bring both to market as high-performing rentals, the cash-flow potential far outweighs the upfront work. This duplex is more than a property, it’s a meaningful equity building opportunity ready to be unlocked.
Neighborhood
Type
County
Cape May
Area
West Wildwood Boro
Tax Amount
$3,934
Status
Active
Listing #
NJCM2006466
Built
1930
Lot Size
0.07
Listed on site
5 hours
Listing Agent Id
1700005504348